Eicher Motors Limited announced its consolidated unaudited financial results for the quarter ended September 30, 2025, reporting best best-ever quarterly performance across all parameters.
The parent of Royal Enfield and joint venture partner in VE Commercial Vehicles demonstrated exceptional growth powered by record Royal Enfield motorcycle sales of 3,27,067 units, up 45% YoY, strong festive season demand and GST reform benefits enhancing accessibility for motorcycles under 350cc.
For the quarter ended September 30, 2025, Eicher Motors achieved consolidated revenue from operations of ₹6,172 crore, surging 45% YoY in its strongest quarterly performance. EBITDA grew 39% to ₹1,512 crore compared to the previous year.
Profit after tax rose 25% to ₹1,369 crore from ₹1,100 crore in Q2 FY25, demonstrating robust profitability growth. The record performance was driven by Royal Enfield's highest-ever quarterly sales volume of 3,27,067 motorcycles, up 45% from 2,25,317 motorcycles sold during Q2 FY25, cementing its position as global leader in the mid-size motorcycle segment of 250cc to 750cc.
Royal Enfield registered best best-ever quarterly motorcycle sales at 3,27,067 units, up 45% year on year, driven by an outstanding festive season, achieving record sales of 2,49,000 units. The Government of India's GST reform further enhanced accessibility for motorcycles under 350cc, as reflected in strong customer demand across the portfolio.
At EICMA 2025, Royal Enfield marked a significant milestone entering its 125th year of Pure Motorcycling, a legacy built on authenticity, craftsmanship and unwavering pursuit of timeless design. From crafting the world's first production motorcycle in 1901 to becoming the global symbol of pure motorcycling, Royal Enfield's journey has been one of evolution anchored in heritage.
Read More: Bharat Forge Delivers Strong Q2 Performance, India Operations Offset US Weakness!
VE Commercial Vehicles (VECV) revenue from operations in Q2 FY26 stood at ₹6,106 crore, up 10% from ₹5,538 crore. EBITDA for the second quarter rose 8% to ₹479 crore from ₹395 crore a year ago. Profit after tax stood at ₹249 crore versus ₹208 crore last year, growing 20% YoY. VECV recorded sales of 21,901 vehicles in the second quarter, up 5% from 20,774 vehicles last year.
Eicher retained its position as market leader in Light and Medium Duty Trucks of 5 to 18.5 tonne GVW, delivering 10,096 units in the quarter. The company made steady progress in the heavy-duty trucks segment, recording best-ever second-quarter deliveries and market share of 10.5% during the period. Spare parts sales grew 12% quarter on quarter, reflecting an expanding dealer network and focus on customer service.
Royal Enfield introduced a series of exciting refreshes across its lineup. The Meteor 350 was introduced with enhanced style, comfort and new features including LED lighting and navigation. The Hunter 350 was launched in a striking new Graphite Grey colourway inspired by urban energy, while Guerrilla 450 was introduced in Shadow Ash edition.
At EICMA, the showcase reflected a perfect blend of past, present and future, ranging from Classic 650 special edition to bigger and bolder Bullet 650 to Flying Flea S6 pushing boundaries of urban exploration.
VECV launched the Eicher Pro Plus range of medium-duty trucks with air-conditioned cabs to conform to legal mandates. Equipped with unique fuel-efficient compressor technology, these trucks were launched with improvements to loading capacity to deliver a win-win for both operators and drivers.
B Govindarajan, Managing Director of Eicher Motors and CEO of Royal Enfield, stated this has been a truly encouraging quarter for Eicher Motors, as record-strong performance across the board for both Royal Enfield and VECV was achieved. The company continued to deliver steady growth in volumes while further strengthening its growth story quarter after quarter with outstanding festive season performance.
Vinod Aggarwal, MD and CEO of VECV and Vice Chairman of Eicher Motors, stated VECV delivered solid performance in Q2 FY26, growing 5% year on year and registering best best-ever second quarter in terms of truck and bus deliveries. GST rationalisation has had a positive impact on consumer confidence and consumption, supporting demand for commercial vehicles in the coming period.
On November 13, 2025, Eicher Motors share price opened at ₹6,875.00 on NSE, below the previous close of ₹6,879.00. During the day, it surged to ₹6,946.50 and dipped to ₹6,758.50. The stock closed at ₹6,855.00 by the end of the day. The stock registered a marginal change of -0.35%.
Over the past week, it has declined by 0.45%, over the past month, it has declined by 0.58%, and over the past 3 months, it has moved up by 19.96%.
Eicher Motors demonstrated best ever quarterly consolidated performance in Q2 FY26 with PAT growing 25% YoY to ₹1,369 crore and revenue surging 45% YoY to ₹6,172 crore, powered by Royal Enfield's record 3,27,067 motorcycle sales up 45% YoY including 2,49,000 festive season units, VECV's solid 5% volume growth and 20% PAT growth, GST reform benefits and 125th year Pure Motorcycling legacy celebration.
Disclaimer: This blog has been written exclusively for educational purposes. The securities or companies mentioned are only examples and not recommendations. This does not constitute a personal recommendation or investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.
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Published on: Nov 13, 2025, 5:20 PM IST
Team Angel One
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